Epic Gas acquires LPG carrier pair

Epic Gas acquires LPG carrier pair

Singapore’s Epic Gas is expanding its gas carrier fleet, having entered into a letter of intent to purchase secondhand LPG carriers.

The Charles Maltby led company anticipates financing the acquisition with a combination of equity and debt, which will see a share capital increase of between $50-60m.

The deal is still subject to board approvals on both sides, financing and the execution of definitive documentation.

Epic Gas currently owns and operates a fleet of 39 fully pressurised gas carriers.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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